Look at Indo Count Industries: Deepak Shenoy

Deepak Shenoy, Founder at capitalmind.in told CNBC-TV18, "The interesting thing about Indo Count is that it has very high profit growth in the last few quarters and has also a very phenomenal return on equity. So, I believe given that and the 18 PE that it is at right now and the third trigger over here is that while cotton and yarn prices have been falling and supplies have been increasing substantially, our exports of cotton and yarn have reduced substantially.""These are actually input prices for a company like Indo Count which manufactures home furnishings and largely exports them to the US. So, in that context, the lower dollar and the fact that their input prices have come down, should benefit them.""If they just continue the kind of profit growth they have had in the last few quarters, I believe that this will be a very cheap play even at these prices. The momentum that the stock is showing now should carry on into the next year as well," he said.